Prevented Plant Vs Late Plant. What you need to know

This spring was certainly a challenge and things didn’t go as smooth as we had hoped. However, there is a lot left to the growing season and hopefully Mother Nature will be more compliant than she has been the last couple of years.

As far as crop insurance is concerned, the final planting date for corn and sugar beets was May 31 and soybeans was June 10. In order to receive 100% of your crop insurance guarantee, your crops would have needed to be planted by those dates. It is possible to plant after those deadlines, but you need to be aware of the following items:
• Your crop insurance guarantee will decline 1% per day for 25 days during the late planting period. When reporting planting dates to FSA, if a field was partially planted before AND after the “FINAL” date, be sure to differentiate the dates and respective acres with FSA.
• After the FINAL planting date, you are eligible to file a timely Prevented Planting (PP) claim with your crop agent. It is also very important to report any PP acres to FSA within 15 days of the FINAL planting dates listed above.

You should use careful judgement when weighing what would be more beneficial to your operation, planting late or prevent plant. The University of Minnesota Extension Service has some information regarding corn yields and related planting dates that you may find useful as you determine what you should do:

If you do chose to go with prevent plant, please keep this in mind:
• You must notify your crop insurance agent within 72 hours of your decision to discontinue attempts to plant.
• You must also notify FSA of your prevent plant situation within 15 days of the FINAL plant date for each respective crop.
• Your payment will be based on various factors and scenarios (i.e. 20/20 rule; maximum “eligible” acres for each crop; partial vs 100% unplanted fields; added land factors, etc.). In general, corn will pay 55% and soybeans 60% of your REVENUE guarantee.

Replant Requirements
Before you engage in any replanting activity, you need to consult with your agent so that you know what is required of you. If any acres were replanted back to the same crop you planted the first time, simply give FSA the original planting date for the entire field – there’s no need to “double count” the planted acres. If replanted to a different crop, first crop-second crop rules apply, and you should talk to your agent so that you understand what is expected. You will need to document this with FSA as well. They will need to report the first crop that was planted and destroyed as “failed” acres and then also certify the acres of the second crop planted. This helps establish what is insurable, uninsurable, etc. Also, be sure to report any acres, no matter how small, that you were “prevented” from planting. This will help preserve your “Base” acres that may impact your future farm bill payments.

Be sure to label your maps with all information, including, planting dates, acres, crop, prevent plant acres, any second crop acres, etc. This map will serve as your proof of what was submitted to FSA should there be any need for correction/edit at a later date.

Acreage Report Deadline Approaching
The acreage reporting deadline is July 15. However, we encourage you to get to the FSA office as soon as possible so our agents have time to sign and date the report prior to the deadline. You will need to bring us your FSA 578 forms, maps and any other documents related to any prevented planted.

Hail Insurance – are you covered
If you haven’t purchased your hail insurance, we encourage to give an AgQuest agent a call. We can help you navigate through policy language and make sure the right coverages are in place when the unexpected happens. The deadline for production hail and wind coverage, which includes wind, green snap, and extra harvest, is June 15th. Any other stand-alone (dollar based) hail coverage can be written at any time prior to a hail event.

There are a lot of things to think about this growing season as you mitigate your risk and sort through the best options for your operation. AgQuest Insurance is here to help; just give us a call. We are more than happy to answer questions about your crop insurance coverage and run through all the details on your policy.

AgQuest Insurance Agency is an Equal Opportunity Provider.